Citizens Financial Services enters change-in-control agreements with two senior executives

CITIZENS FINANCIAL SERVICES INC

Agreements with David Z. Richards Jr. (Senior EVP, Director Emerging Markets) and Stephen J. Guillaume (SVP, CFO), effective Dec 31, 2024.
Upon qualifying termination related to a change in control, each executive receives lump sum equal to 1x base salary plus average bonus, and pro rata bonus.
Continued health and long-term disability insurance for 18 months; accelerated vesting of time-based equity awards.
Non-compete for 12 months and non-solicitation for 18 months post-termination.

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